European Union ban Basmati rice imports from India.

European Union has decided not to allow Basmati rice imports from India. Such decision may affect the price of Basmati rice in the market. The European Union which has witnessed many such decisions has done it in the name of strict laws for higher standards of no use of pesticides. This decision appears to be strange in nature. Basmati rice is India’s preferred domestic variety of rice with the highest standard of texture and aroma. All India rice exporters association (AIREA) has told that permission to export Basmati rice to EU nations had been earlier given till 31 December. Post that the permission will automatically get cancelled due to no extension. The reason given is the use of fungicides for the safety of Basmati rice to EU nations (another possible incident of fumigation laws manipulation). It is also evident that India usually exports (PB-1) and 1,401 Basmati breeds to EU. It will definitely increase the domestic availability of Basmati rice by at least 1,00,000 tonnes to 3,00,000 tonnes, which may send a chill to domestic consumers.